I won’t talk about relying on luck for now, because it is not of much reference value and meaning.
I said it depends on strength.
First, you need to understand what the bull and bear cycles are. For example, if it is a bear market now, then now is the time to buy chips.
The bull market is coming and the right thing to do is to sell your chips.
The second is to understand what targets are good, such as Ethereum, second-layer project coins, Link, the decentralized leader Uni, the king of full-chain cross-chain Stg, the king of full-chain lending Rdnt, and the BRC20 with a new narrative. The leading NFT project.
The third is allocation, which means to do a good job of stratification, with mainstream accounting for 50-60%, value coins accounting for 20-30%, and new projects accounting for a little. Reasonable positions can protect your mentality.
Fourth, emotions. People with good emotions, first of all, cannot be in debt, cannot be without cash flow, cannot be without things to do, cannot just look at coins every day, care about coins, and ignore other things. People with bad emotions who are anxious to get rich may sell as soon as the price goes up and cut their prices as soon as the price goes down.
Fifth, good expectations. Don’t be unrealistic about how much you expect to earn in a bull market. It is reasonable to earn 5-10 times in a bull market. If you want to earn 100 times or 1,000 times, you can only do it if you forget. If you buy a lot, you are destined to not forget.
6. Know how to hide. When you make money, you will be able to collect grain, harvest in autumn and store in winter, wait for the bear market next year and continue sowing, wait for the next cycle, even if you only have tens of thousands, you can make millions, hundreds of millions, basically you can reach 5 million or tens of millions.
Everything depends on yourself, and you need to have awareness in this regard.
If nothing unexpected happens, judging from your answer, you probably don't have many resources or background, and you just want to try your hand in the cryptocurrency world.
I can only wish you good luck. The above is my advice after years of being in the cryptocurrency world. I hope it is useful to you.
There is nothing that cannot be achieved if one can do it, but there are really not many people who can do it. It’s not because it is too difficult, but because there are too many temptations in this matter and most people cannot calm their hearts.
I have finished writing, good luck everyone, I am Brother Wen, an old investor who sincerely wishes you to get rich in the cryptocurrency world.
If you want to delve deeper into the cryptocurrency world, can’t find a clue, and want to get started quickly, you can follow me.
